Friday, March 20, 2009

Sparrow Ventures V.SPW.P


Just to let you know about my new pick,it is Sparrow Ventures,V.SPW.P, a capital pool company I invested in last summer. It has taken them awhile to pull a qualifying transaction together but it looks like it was worth the wait. They have aquired JSX Energy Holdings, an oil exploration company out of Thailand with from what I can see on Google ,has very large land holdings near a prominent oil producing basin in Thailand.

Information is limited at this time but the news release on the wires show new directors coming on board with major experience and credentials.

The stock is currently halted and I assume there will be a financing as per the press release so it is unknown when it will trade again but is one to put on you radar for when the halt is lifted.

The symbol is V.SPW.P.

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